Same as any pump dump. You create a hype around something, the value goes up and you sell at the highest level.
In our case, basically when you hear any "Big" news about bitcoin, it's often a PUMP, once everyone weeds through the hype and calms down, the guys doing the pump have dumped their inventory, and are back in it to buy low to start a new cycle.
Topic: Please explain in newbie terms 1) what pump and dump is 2) fontas thx!;) (Read 569 times)
December 12, 2013, 04:30:50 PM
December 12, 2013, 04:52:16 AM
what happened to fontas? he did a interview with a big paper and then poof, hes gone..... mustve been scared his identity would be found....
December 12, 2013, 02:58:23 AM
1) make money fast;
2) man who does P&D often.
2) man who does P&D often.
December 12, 2013, 02:43:32 AM
You should ask both of those questions to btc-e trollbox. People there specialize on both 
December 11, 2013, 08:28:02 PM
Okay thanks
so its really the people's fualt for believing the hype
And who's this fontas guy everyone keeps spamming in btc-e
so its really the people's fualt for believing the hype
And who's this fontas guy everyone keeps spamming in btc-e
December 11, 2013, 08:23:22 PM
...although I'm getting to the point where I should offer paid tech support when the solution is to Google for the exact question asked).
December 11, 2013, 08:21:25 PM
December 11, 2013, 08:20:29 PM
As above also pls explain why its bad
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